Richard W. Paul & Associates provides financial planning, portfolio management for individuals and small businesses, and selecting other managers.
Richard W. Paul & Associates reports 674 clients. They include 348 high-net-worth individuals, 325 individual clients and 1 charitable organization. Of its assets, 100.0% ($373M across 1,755 accounts) are managed with discretion.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 48% | 16% |
| High-net-worth individuals | 52% | 84% |
| Charitable organizations | <1% | <1% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 325 | $60.2M | 16.1% | $185K |
| High-net-worth individuals | 348 | $312M | 83.8% | $897K |
| Charitable organizations | Fewer than 5 | $364K | 0.1% | $364K |
| Total | 674 | $373M | 100% | — |
- Clients
- 325
- Regulatory AUM
- $60.2M
- AUM share
- 16.1%
- Avg. per client
- $185K
- Clients
- 348
- Regulatory AUM
- $312M
- AUM share
- 83.8%
- Avg. per client
- $897K
- Clients
- Fewer than 5
- Regulatory AUM
- $364K
- AUM share
- 0.1%
- Avg. per client
- $364K
Total
- Clients
- 674
- Regulatory AUM
- $373M
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 0
Richard W. Paul & Associates is paid through a percentage of assets under management, hourly charges, fixed fees (other than subscription fees) and other compensation. The reviewed brochures do not disclose an asset-based fee rate. Read the SEC-filed brochure. The brochure also prices one other service, listed under fee details.
Fee details and sources
Other fees
- Financial planning
- Financial planning is billed hourly at up to $275 an hour, with a $550 minimum, or as a fixed fee of $550 to $10,000.
Richard Paul owns 75% or more of Richard W. Paul & Associates. The leadership team of Richard W. Paul & Associates includes Chief Compliance Officer Matthew Paul. It has 8 employees, 6 of them in advisory roles.
Leadership
- Matthew PaulChief Compliance Officer
- Richard PaulManaging Member
Investment adviser representatives
7 representatives listed in the SEC register as of 9 October 2026.
- Brendan Edward Best
- Matthew Brian Dombrowski
- Michael Thomas Doyle
- Matthew Michael Paul
- Richard William Paul
- Steven Richard Paul
- Bepin Serraj
Staff
- 8 employees
- 6 in advisory functions
- 6 state-registered reps
- 2 broker-dealer reps
- 6 insurance agents
- Owns 75% or more of Richard W. Paul & Associates, LLC
Richard Paul
Control person · since April 2011
Richard W. Paul & Associates’ regulatory assets grew 1.8× from $211M (May 2021) to $373M (March 2026); clients rose from 592 to 674 and employees were 8 in both filings.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| March 2026 | $373M | 674 | 8 | 3 |
| March 2025 | $323M | 1,801 | 9 | 3 |
| February 2024 | $293M | 646 | 9 | 3 |
| August 2023 | $264M | 629 | 8 | 3 |
| February 2022 | $269M | 611 | 8 | 3 |
| May 2021 | $211M | 592 | 8 | 3 |
Besides its headquarters, Richard W. Paul & Associates has 2 offices, with 3 listed addresses in Michigan.
Michigan · 3 listed addresses
- 39555 Orchard Hill Place, Suite 100, NoviHQ
- 100 West Big Beaver, Troy
- 2723 S State Street, Ann Arbor
Contact and registration details
- Legal name
- Richard W. Paul & Associates, LLC
- Headquarters
- 39555 Orchard Hill Place, Suite 100, Novi, MI 48375
- Website
- Not reported
- Phone
- 248-305-9911
- SEC file
- 801-116985
- Structure
- Michigan LLC
- Fiscal year end
- December
Richard W. Paul & Associates uses Fidelity ($369M) as custodian for its separately managed accounts. Richard W. Paul & Associates does not have custody of client assets.
- FidelityFidelity Institutional Wealth Services · Boston, MA · $369M100%
At year end, Richard W. Paul & Associates’ separately managed accounts were mostly in funds (67%) and stocks (32%). Its reported 13F holdings for the quarter ended 30 June 2026 total $327M across 320 positions; the largest are iShares TR (6.2%), iShares TR (5.8%) and iShares TR (3.5%).
What the accounts hold
- Stocks32%
- Funds67%
- Cash1%
Reported 13F holdings
- $327M
- Reported 13F value
- 320
- Positions
- 36.9%
- In the 10 largest
- +10.1%
- Value vs. prior quarter
- iShares TR · Core S&P US Vlu6.2%
- iShares TR · Core S&P US Gwt5.8%
- iShares TR · 20 YR TR BD ETF3.5%
- J P Morgan Exchange Traded F · Income ETF3.5%
- iShares TR · Core MSCI Eafe3.5%
- iShares TR · Core S&P Scp ETF3.2%
- Pimco ETF TR · Active BD ETF3.1%
- Pimco ETF TR · Multisector BD3.0%
- Invesco Exchange Traded FD T · S&P500 Eql Wgt2.6%
- Invesco Qqq TR · Unit Ser 12.5%
Together, the ten largest are 36.9% of reported value.
How many clients does Richard W. Paul & Associates have?
Richard W. Paul & Associates has 674 clients and manages $373 million for them, as of March 2026. They include 348 high-net-worth individuals, 325 individual clients and 1 charitable organization.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 25 March 2026
What services does Richard W. Paul & Associates offer?
Richard W. Paul & Associates provides financial planning, portfolio management for individuals and small businesses, and selecting other managers.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does Richard W. Paul & Associates use?
Richard W. Paul & Associates’ separately managed account assets are held at Fidelity Institutional Wealth Services (Boston, MA), with $369M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 25 March 2026
How many financial advisors does Richard W. Paul & Associates have?
Richard W. Paul & Associates has 6 investment adviser representatives registered with state securities authorities, out of 8 employees, and 6 perform investment advisory functions. 2 employees are registered representatives of a broker-dealer and 6 employees are licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Richard W. Paul & Associates invest in?
At the end of its last fiscal year, Richard W. Paul & Associates’ separately managed accounts held 67% registered funds (mutual funds, ETFs, BDCs), 32% exchange-traded equities and 1% cash and equivalents.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Richard W. Paul & Associates?
Richard W. Paul & Associates’ direct owner is Richard Paul (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 25 March 2026
How does Richard W. Paul & Associates get paid?
Richard W. Paul & Associates is paid through a percentage of assets under management, hourly charges, fixed fees and other compensation. Its Form ADV lists no commissions or performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
Is Richard W. Paul & Associates registered with the SEC?
Yes, Richard W. Paul & Associates has been registered with the SEC as an investment adviser since 23 July 2019. Its CRD number is 156812 and its SEC file number is 801-116985.
Source: Form ADV Part 1A, Item 1, filed 25 March 2026; IAPD firm record
How do I contact Richard W. Paul & Associates?
Richard W. Paul & Associates’ main office is at 39555 Orchard Hill Place, Suite 100, Novi, MI 48375. Its phone number is 248-305-9911.